Virgin Galactic stock bounces 2.4%, money flow disagrees
Virgin Galactic stock rebounds 2.4%, but money flow stays negative
Virgin Galactic stock bounces 2.4%, money flow disagrees
Our view last week
After last week's near-stall, Virgin Galactic stock's decline regains momentum: 82% of volume poured into selling, money flow keeps sliding deeper negative and the weekly ADX climbs to 27, a sign the trend is gaining conviction. In this week's technical analysis of Virgin Galactic stock, the double bottom in the 2.4 area still holds, but underneath the surface selling pressure has strengthened.
This week's summary
This week's 2.4% bounce in Virgin Galactic stock comes with strong buying volume, 73%, but money flow tells a different story: CMF slides to its lowest point in 4 weeks and momentum stays negative. The double bottom in the 2.4 area, flagged last week, still holds. In this week's technical analysis of Virgin Galactic stock, the short remains up 28% since entry, but the picture stays two-sided: a bounce the money hasn't confirmed yet.
IQS Phase
75
in tension
Signal Strength
3
decline losing steam
Sizing
MINIMUM
Ranking
#102 / 138
US stocks
Trade P&L %
+28.37%
from signal to date, no stop loss
Rank position
ranks 102nd among the 138 sell signals for US stocks in our ranking, with a signal strength of 3 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly -1.54% · monthly -1.92%
SPCE belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content